Rob Armstrong

And, you know, America is just lucky that we discovered that we're basically floating on a huge pool of natural gas in this country, or at least in Texas and Pennsylvania we are.

So that's something really compelling.

But look, to your point, we're not going to grow earnings at 20 plus percent forever.

This is a blip.

You know what I mean?

And there is, to Robin's point, there is a moment.

If we don't get, there is going to be a moment, if we don't get the Strait of Hormuz open, where inventories simply run dry in the world.

Right.

You know, Malcolm Moore did a great piece about this for us a couple of days ago.

We are drawing down inventories still.

And at some point, maybe it's in September, as one street energy analyst said it was sometime in September.

inventories would go as low as they can go.

And so the only flexibility left in the system is demand destruction at that point.

You just have to use less of the stuff.

And we are seeing some demand destruction in energy in Asia right now, some in Europe, none in the United States.

But if we get to that day in September where, as Malcolm pointed out, you can't run the system on zero inventories.

You know, like the pipe has to be full of something.

You can't run the tanks dry.

There has to be some gas in the cars at any given time.

I mean, I would say you've put your finger on the terrible scenario is that the whole situation is predicated on the Strait being open sometime in June, say.